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Apr 24, 2013
04/13
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FBC
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you've been following apple for a long time. there is a lot to sink our teeth into here with apple. what do uuthink about this? because adam shapiro was painting a pretty rosy picture. i think the stock is jumping a lot on increase in the dividend, 15% we're looking at increase in the share buyback program, blowing it out to $100 billion. that was an incree of 50 billion. i don't, there is bad news in there too, right? >> sure. there was some bad news in that they are significantly lowering revenue and earnings guidance for the next quarter from what wall street had been expecting. melissa: right. >> that shouldn't please anybody. i think all of the increase is attributable to the increase in the cash they plan to return to shareholders. melissa: yeah. >> there is wonky point that adam didn't mention which is they mentioned in their earnings release they are going to take on debt although they haven't said yet how much and exactly how they're going to do that. this is very significant for apple watchers because steve jobs hated debt. and the fact that they're going to do this tells
you've been following apple for a long time. there is a lot to sink our teeth into here with apple. what do uuthink about this? because adam shapiro was painting a pretty rosy picture. i think the stock is jumping a lot on increase in the dividend, 15% we're looking at increase in the share buyback program, blowing it out to $100 billion. that was an incree of 50 billion. i don't, there is bad news in there too, right? >> sure. there was some bad news in that they are significantly...
SFGTV2: San Francisco Government Television
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67
Apr 21, 2013
04/13
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SFGTV2
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eye 67
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this is our official launch of apple-liscious. i would like to thank our team, kevin, rick robbins, moment of all [speaker not understood] for my cto and co-founder. this was a very long, long journey with the city, but we had the help of leaders like phil, mayor lee, jay driving behind the scenes, the efforts for business to work with government. and i think we've accomplished that with this unique partnership moving forward. we're excited now there's cross-department collaboration with the san francisco arts, with the san francisco public art which has now been thanks to sean working late last night, putting the public arts into golden gate park. this is providing access. it's providing efficiency, and it's providing new revenue streams and opportunities for the city of san francisco and other departments. we are really excited to be here and i thank you all again for this opportunity to be able to innovate, to be able to work with the city of san francisco, and have this incredible opportunity to be here at the hatchery launchi
this is our official launch of apple-liscious. i would like to thank our team, kevin, rick robbins, moment of all [speaker not understood] for my cto and co-founder. this was a very long, long journey with the city, but we had the help of leaders like phil, mayor lee, jay driving behind the scenes, the efforts for business to work with government. and i think we've accomplished that with this unique partnership moving forward. we're excited now there's cross-department collaboration with the...
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99
Apr 23, 2013
04/13
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KRCB
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eye 99
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apple has a gigantic cash hoard. over $150 a share in cash and we really are happy that they're putting that to work especially when you can buy the stock here at these very inexpensive valuations. >> we are trading at less than ten times earnings for one of america's greatest corporations and yes, i know that earnings were a little disappointing in terms of th guidance her f the next quarter, but this is a fantastic company with tremendous products and a huge, installed base of rabid customers. yes, they're going through a little bit of a product lull here now as we wait for the next big thing, and of course, that's what's on everybody's mind as we go forward. >> you've been taking some profits prior to recently. you've been buying the stock for some kientclients. if i didn't own the stocks based on your numbers and i'm not asking you to be a portfolio manager, i'm just saying, would you buy it at these prices? >> tyler, i am a portfolio manager and i would be a buyer of the stock at these prices and maybe it will p
apple has a gigantic cash hoard. over $150 a share in cash and we really are happy that they're putting that to work especially when you can buy the stock here at these very inexpensive valuations. >> we are trading at less than ten times earnings for one of america's greatest corporations and yes, i know that earnings were a little disappointing in terms of th guidance her f the next quarter, but this is a fantastic company with tremendous products and a huge, installed base of rabid...
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78
Apr 24, 2013
04/13
by
CNBC
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eye 78
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apple would be a $1,000 stock. talking about what they called apple's unmatched asthetics. september 2012, as apple hit that record high, the mean of the 54 analysts tracking the stock was a buy with a mean price target. of course, not everybody got it wrong. once the bubble pops it goes back down to the point at which it lifted off. the question remains why did so many on the street get this one so wrong? it proved much more successful than many thought google offered a product. and then changed the market and put apple in a poor position. also, kay says analysts have a hard time calling these turns. this is due to basic behavioral investing. >> it was almost exactly 24 hours ago when we saw how much a role social media was playing in the markets. and we saw how it can be very evil. we saw the dow jones go from a gain of 135 points to negative 12 in under a minute and a half. >> an ap twitter feed has been hacked and it says breaking. two explosions in the white house and barack obama is injured. >> immediately people started trying to confirm whether or not it was actuall
apple would be a $1,000 stock. talking about what they called apple's unmatched asthetics. september 2012, as apple hit that record high, the mean of the 54 analysts tracking the stock was a buy with a mean price target. of course, not everybody got it wrong. once the bubble pops it goes back down to the point at which it lifted off. the question remains why did so many on the street get this one so wrong? it proved much more successful than many thought google offered a product. and then...
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191
Apr 24, 2013
04/13
by
KTVU
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eye 191
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apple is sharing down $5 to $401 a share. pam cook, ktvu channel 2 news. >>> let's bring you up to date on some of the other top stories we're following for you right now. we're finding out new information about the suspected mastermind about the boston marathon bombs. the paper reports that tamerlan tsarnaev was living on state welfare benefits at the very same time he was embracing radical, anti-american political views. there's also word the boston marathon bombings was planned a week before the race. >>> m.i.t. is getting ready to hold a memorial service for the campus police officer allegedly assassinated last week by the bombing suspect. the memorial follows yesterday's funeral for sean collier. vice president is expected at the private service this morning. >>> here at home a very important meeting on fixing those bad bolts on the new bay bridge. it will start in about 45 minutes from right now. caltrans will tell us what they are doing to fix the problem. it's been raising safety concerns about the new eastern span. k
apple is sharing down $5 to $401 a share. pam cook, ktvu channel 2 news. >>> let's bring you up to date on some of the other top stories we're following for you right now. we're finding out new information about the suspected mastermind about the boston marathon bombs. the paper reports that tamerlan tsarnaev was living on state welfare benefits at the very same time he was embracing radical, anti-american political views. there's also word the boston marathon bombings was planned a...
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Apr 17, 2013
04/13
by
CNBC
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eye 35
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talk apple with me for a couple seconds here. the people who are buying apple at these levels are basing it on dividend or new product. which of those or all of the above? >> all of the above. i think you have to ask yourself has the weak june quarter been factored in? you look at estimates. there's about 46 estimates for apple. ten have been dropped for the june quarter. there's probably still more work that needs to be done to reflect what will accurately happen. >> sew haven't seen the whites of the eyes of the bulls at this point. you need to see sort of that fear just come out there and be exposed by wall street before we can get around apple here. >> you know, look. the march quarter, they did preannounce. that's not likely to be a disaster. and we know june is likely to have weakness. the data points are coming out pointing to that. you are not likely to get much new product in that time frame. but you do have more product coming in the back half of the year. >> but there were margin products and they might have to do prom
talk apple with me for a couple seconds here. the people who are buying apple at these levels are basing it on dividend or new product. which of those or all of the above? >> all of the above. i think you have to ask yourself has the weak june quarter been factored in? you look at estimates. there's about 46 estimates for apple. ten have been dropped for the june quarter. there's probably still more work that needs to be done to reflect what will accurately happen. >> sew haven't...
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42
Apr 24, 2013
04/13
by
CNBC
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eye 42
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so i think two things on apple. on the positive side, they did a very significant return of cash to shareholders at the very high end, i think of where investors were hoping. and all else being equal, that was a positive. on the flip side, there was evidence of gross margin pressure in the quarter. they were down sequentially, and the company guided for gross margins to go down again sequentially next quarter. and this is worrisome, because apple is at the part of its product cycles where it's introduced new products where typically gross margins should be improving. so to see margins down, even adjusting for mixed effects, we believe iphone margins were down in the quarter, is worrisome. and it points to, you know, a mix shift to lower models within apple's lineup, which generally have lower margins. and, you know, ultimately, micros margins numbers came down and my estimates came down and my price target came down commensurately. >> but your rating remains outperform, right? you're still telling people you think i
so i think two things on apple. on the positive side, they did a very significant return of cash to shareholders at the very high end, i think of where investors were hoping. and all else being equal, that was a positive. on the flip side, there was evidence of gross margin pressure in the quarter. they were down sequentially, and the company guided for gross margins to go down again sequentially next quarter. and this is worrisome, because apple is at the part of its product cycles where it's...
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Apr 23, 2013
04/13
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CNBC
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>> easier to answer than where apple is going. i would argue and i have made the statement about a week ago that it wasn't going past a hundred. then it went to 99.90. >> got nervous. >> i'm still of the opinion it will hang around between 92 and 102 between now and july. same kind of argument that we have in the second quarter is a slow down quarter. then i would argue 105 to 110 by the end of the year. my favorite investments are really focused around japan. >> momentary blip in what has been a winning trade and then it reaccelerates and picks up steam again. >> right. >> what about japan in general? you're a big believer there is hedge fund money going to work in japan? >> beginning to. i think there is a lot more to go. a lot of japanese money is going back into japan as they see opportunities in the equity market. if you're a believer in the gram dodd and things like that, yap has a ton of equity selling at those prices. >> there is a pull in the hedge fund industry now. kyle bass on the short side. guys like dan lobe on the
>> easier to answer than where apple is going. i would argue and i have made the statement about a week ago that it wasn't going past a hundred. then it went to 99.90. >> got nervous. >> i'm still of the opinion it will hang around between 92 and 102 between now and july. same kind of argument that we have in the second quarter is a slow down quarter. then i would argue 105 to 110 by the end of the year. my favorite investments are really focused around japan. >>...
105
105
Apr 16, 2013
04/13
by
WJLA
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eye 105
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facebook is in talks with apple about bringing it closer to home. cruise ship operator carnival is trying to make nice with uncle sam. to explain that and more, linda bell is at bloomberg headquarters in new york. good to see you again. >> good to see you. carnival says it will be paid the government an unspecified amount from its disabled ships of taxpayer money. rockefeller criticized carnival's unwillingness to pay. $780,000 fornearly dealing with the disasters. navyoast guard and the spent more than $300 million for the ship splendor. a facebook phone by atc, millions of iphone users don't have access to it. -- by htc. facebook is in talks with apple also kicked in take advantage of more mobile users. chick-fil-a wants to give behind-the-scenes tours at its restaurants. it will also rollout healthy wraps and salads focusing on fresh ingredients by the end of this month. and it will have calorie counts for its menu posted front and center. that's business news. linda bell reporting for abc 7 news. back to you. >> thank you. 55 degrees. >> coming
facebook is in talks with apple about bringing it closer to home. cruise ship operator carnival is trying to make nice with uncle sam. to explain that and more, linda bell is at bloomberg headquarters in new york. good to see you again. >> good to see you. carnival says it will be paid the government an unspecified amount from its disabled ships of taxpayer money. rockefeller criticized carnival's unwillingness to pay. $780,000 fornearly dealing with the disasters. navyoast guard and the...
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134
Apr 18, 2013
04/13
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CNBC
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gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think there's an opportunity here. the street numbers still need to get reset. we're 10% below the street for the june quarter. i think once these estimates get reset, that's the point where investors are going to start to get interesting. the southside still hasn't taken those nebs down. that's the real challenge here. >> you thought 450 was the bottom at 455 or at -- when did you make that prediction sflp. >> yeah. it was about three weeks ago. we basically took our numbers down. >> so when it was at 750, you thought the bottom was 700. when it was 7 hup, y
gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think...
611
611
Apr 24, 2013
04/13
by
FBC
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eye 611
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what happened to apple, tomorrow will be key. liz: take a look in the aftermarket session adjuster afr earnings. taking a hit on qualcomm. these numbers came out, qualcomm
what happened to apple, tomorrow will be key. liz: take a look in the aftermarket session adjuster afr earnings. taking a hit on qualcomm. these numbers came out, qualcomm
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544
Apr 24, 2013
04/13
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CNBC
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. >> and then, how about apple? hovering around $400 a share, failing to impress shareholders with t earnings last night. but is wall street just overreacting to what is still a very profitable, strong company? >> tim cook admits, they are a mature technology company. doesn't make them a bad company, though, right? >> but does it make them valued at 700? >> that's the question. >> just how big a threat are the hacks like we saw at that fake ap tweet yesterday to the market's integrity. cfte commissioner bart shulton weighs in on that. he wrote an op-ed piece today and we'll get his comments, coming up. >> the dow jones industrial average down just a fraction. been a negative day all day, but we are off of the worst levels, 14,712, last trade of the blue chip average. nasdaq looks like this, highest level of the day. in positive territory, keeping in positive territory with a gain of about seven points but a quarter of a percent. s&p 500 looks like this, similar chart pattern as the nasdaq, where it too hovers a to t
. >> and then, how about apple? hovering around $400 a share, failing to impress shareholders with t earnings last night. but is wall street just overreacting to what is still a very profitable, strong company? >> tim cook admits, they are a mature technology company. doesn't make them a bad company, though, right? >> but does it make them valued at 700? >> that's the question. >> just how big a threat are the hacks like we saw at that fake ap tweet yesterday to...
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55
Apr 23, 2013
04/13
by
FBC
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eye 55
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has become a parent's phone, i can imagine my kids saying oh, you got an apple and i don't' an apple, the new emerging consumers are buying sam shunnings, ansamsungs, and i say blackberry again, because older folks have apple products. >> what is the new ceo going to do for apple. tim cook had the baton passed to him, by steve jobs who passed away, we knew it was going to happen, they had great products in the pipeline, steve jobs died, did you think that apple stock would go to 900, you know now down below 400, that is incandescent no matter who -- inevitable no matter who took over steve jobs, there is a little bit of battle over what to do with cash, that apple sitting on, but, this is a well-run company, i don't know they will find anybody better than tim cook, i think this is a lot of chatter from speculators just saying what they wish all happen. neil: you know, i think what happens we live in a short attention span type society, we have the ceos, on a short leash, they get a grace parting prize but in case of j.c. penney they do not have a language leash to run. -- long leash
has become a parent's phone, i can imagine my kids saying oh, you got an apple and i don't' an apple, the new emerging consumers are buying sam shunnings, ansamsungs, and i say blackberry again, because older folks have apple products. >> what is the new ceo going to do for apple. tim cook had the baton passed to him, by steve jobs who passed away, we knew it was going to happen, they had great products in the pipeline, steve jobs died, did you think that apple stock would go to 900, you...
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50
Apr 17, 2013
04/13
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CNBC
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eye 50
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. >> thank you very much from bonds to apple. apple no longer the biggest company in the world. that goes back to exxon. you had chip maker's serious logic. serious logic the only thing dragging apple down today? >> brian, good afternoon. i think sit a bit of a double whamy today. i think it's a combination of those two things. >> apple has lost over 40% of its market cap right? at what point does it become a value proposition? >> on the one hand normally you would by. i think you need to really see the bar reset on earnings estimates. you have got believe they can continue to innovate some of the newer competitors there. >> do you believe they can? >> well, you know, the proof's going to be in the pudding. clearly they have the opportunity to do that. it will be abundant on the software application side. >> you heard they are breaking news that they are coming out with i pudding? clearly they're not. although if they did maybe it would work. as a user of i cloud i can say that i have had a lot of problems with it. apple seems to have had a string of issues. little bits here and
. >> thank you very much from bonds to apple. apple no longer the biggest company in the world. that goes back to exxon. you had chip maker's serious logic. serious logic the only thing dragging apple down today? >> brian, good afternoon. i think sit a bit of a double whamy today. i think it's a combination of those two things. >> apple has lost over 40% of its market cap right? at what point does it become a value proposition? >> on the one hand normally you would by. i...
92
92
Apr 23, 2013
04/13
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KPIX
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eye 92
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apple and volkswagen are going to build an icar. cnet editor at large brian cooley joins us this morning to tell us all about it. it's an ibeetle i guess? >> exactly. they are going to roll out a new version of it. >> reporr: itwas just shoing to be a beetle that has the apple touch. apple has never worked with a carmaker before to revise and create a special edition of a car. this is a very big deal. here's the specifics. you can see it there. it doesn't look different from a regular beetle but all the styling touches will be done with apple. look at the top of the dash and you see where the iphone docks in a cuss stop dashtop dock. this isn't just more music in a custom dashtop dock. in will allow additional gauges and displays. there is the apple logo in volkswagen script. so it's an interesting blend. that iphone on the dash will do like i said additional gauges and information will display there that aren't on the dash. it will let you do postcards so you can hit a button on there and send out to your friends on social media or
apple and volkswagen are going to build an icar. cnet editor at large brian cooley joins us this morning to tell us all about it. it's an ibeetle i guess? >> exactly. they are going to roll out a new version of it. >> reporr: itwas just shoing to be a beetle that has the apple touch. apple has never worked with a carmaker before to revise and create a special edition of a car. this is a very big deal. here's the specifics. you can see it there. it doesn't look different from a...
90
90
Apr 24, 2013
04/13
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FOXNEWSW
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eye 90
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so, apple is owns the stock. company didn't get ahold own press started believing its own press and that its stuff didn't stink if youful. forgetting what my dad used to call that great ladder in life, neil, he would say, remember the people you pass on the way up the ladder, you will be bumping into them on the way down. i cleaned up his language. anyway, apparently ladders go both ways. one day the world has taken a shine to your apple and the next it's saying you are rotten to the core. think about that. you're still the same person you are still the same company. only now you are a humble person and desperately looking for any company. i guess that's business. i guess that's life. but it's a reminder keep your head small. maybe not physically small. if you were born with a big head, that's impossible. but try to keep your ego in check. again, it's one the great things i have always mastered in my super
so, apple is owns the stock. company didn't get ahold own press started believing its own press and that its stuff didn't stink if youful. forgetting what my dad used to call that great ladder in life, neil, he would say, remember the people you pass on the way up the ladder, you will be bumping into them on the way down. i cleaned up his language. anyway, apparently ladders go both ways. one day the world has taken a shine to your apple and the next it's saying you are rotten to the core....
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1.0K
Apr 24, 2013
04/13
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FBC
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what do you think apple mass to do? they talked about a cheaper version perhaps for the chinese market? they go for a bigger screen to compete against samsung a lot of people like, android? >> i think that, two answers there. ashley: yeah. >> the iphone and ipod were disruptive technologies in the leisure environment. it will be very difficult to replicate that. i don't know if going downstream is it necessarily the answer. that is outside of my wheelhouse. i'm not a technical product specialist but what they clearly need to do is figure out, i think back to what steve jobs did when he returned to apple initially. ashley: yeah. >> he shrunk the skus from 24 down to 10. i think that it is getting to the point where apple is starting to get a little bit too much product and here's a s version of the same thing. here is lighter version and smaller version. ashley: yep. >> gets very confusing and muddled in the marketplace where people don't have direction and opens up the door for competition to come out. we're doing this
what do you think apple mass to do? they talked about a cheaper version perhaps for the chinese market? they go for a bigger screen to compete against samsung a lot of people like, android? >> i think that, two answers there. ashley: yeah. >> the iphone and ipod were disruptive technologies in the leisure environment. it will be very difficult to replicate that. i don't know if going downstream is it necessarily the answer. that is outside of my wheelhouse. i'm not a technical...
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75
Apr 23, 2013
04/13
by
FBC
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eye 75
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apple in 2012 hat 25%. liz: everyone is looking for value phone, john, i wonder if they hear anything along those lines? do they in the earnings call have to report some brand new gadget or gizmo. >> i don't know that they have to report a brand new gage get or gizmo. people look at revenue guidance which is down for the june quarter and inventory was down sequentially yet up year-over-year. i think those are the questions that will be on the call. what is causing this to take place. and, are we, should we expect new products in the june period or september. david: rob, then there's the question of management and we were kind of dancing around the issue. let's focus on tim took for a second. you say apple needs a leadership change but that doesn't necessarily mean tim cook has to go, right? >> i would actually recommend tim cook not to go. if you bring somebody else in the ideal person to train the individual and to supplement them for the guy that had been assisting steve jobs in the same role. you do crea
apple in 2012 hat 25%. liz: everyone is looking for value phone, john, i wonder if they hear anything along those lines? do they in the earnings call have to report some brand new gadget or gizmo. >> i don't know that they have to report a brand new gage get or gizmo. people look at revenue guidance which is down for the june quarter and inventory was down sequentially yet up year-over-year. i think those are the questions that will be on the call. what is causing this to take place. and,...
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163
Apr 24, 2013
04/13
by
KNTV
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eye 163
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meanwhile, apple is sent to release new products. cook says he's optimistic, but he was vaguely talking about what to expect. analysts speculate that could mean a smart watch and an itv. >> did you happen to see it? a potentially ground-breaking plane spent the day and the evening flying around the bay area. this plane was in the air for 16 mours, nonstop, all without a single drop of fuel. the aircraft has a wingspan of 747 and the mower of a small electric scootish. >> today's practice run is the first ever. >> well, you've heard the expression let the bedbugs bite. nbc abaa area has the story of the only on nbc bay area. >> they were out drinking coffee on a friday night. >> i was picking up my coffee. it's horrifying. you don't know it and you take it home. she did take it home, two, in fact. these two alerlted nbc bay area to bedbugs. they say shocked him even more with his response. and that just -- that horrifies me. >> so she says she went to the county official to talk about the bedbugs and was surprised, again, to know noth
meanwhile, apple is sent to release new products. cook says he's optimistic, but he was vaguely talking about what to expect. analysts speculate that could mean a smart watch and an itv. >> did you happen to see it? a potentially ground-breaking plane spent the day and the evening flying around the bay area. this plane was in the air for 16 mours, nonstop, all without a single drop of fuel. the aircraft has a wingspan of 747 and the mower of a small electric scootish. >> today's...
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148
Apr 24, 2013
04/13
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KOFY
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eye 148
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> apple. >>reporter: however some consumer perception of apple may changing as it keeps nut product development highly secret. google has been very open about the about area in driving cars and google glasses giving out selectively to test. >> they seem to dip into everything and before you kind of think about apple but google kind of taking things to whole new level in terms of technology and they have kind of hit everything. >> i think google is definitely getting unjustifiably a lot of credit for being innovative. >>reporter: he tracks both company as mobile analyst for the research company and says google will drop idea as fast as it creates them you don't know what prom equity survive and which ones go away. they tend to pull the trigger on some products and some effort and some projects fairly quickly. >>reporter: ceo cook today said apple has amazing hardware coming out next year but didn't say anything about this year. >> owning apple product i do believe they are losing the edge becau
> apple. >>reporter: however some consumer perception of apple may changing as it keeps nut product development highly secret. google has been very open about the about area in driving cars and google glasses giving out selectively to test. >> they seem to dip into everything and before you kind of think about apple but google kind of taking things to whole new level in terms of technology and they have kind of hit everything. >> i think google is definitely getting...
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159
Apr 23, 2013
04/13
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CNBC
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. >> i've got the apple numbers. >> what are the apple numbers, jon? >> the revenue for this quarter is actually coming in above expectations at $43.6 billion, eps, $10.09. guidance, though, disappointing, as gene indicated. he was expecting at the midpoint they were guying to is $34.5 billion and the gross margin, 36 to 37%, which is a little bit below where wall street was looking, from what i have seen, maria. i'll go back through and take a look at the units as well. looks like iphones did 37.4 million units, ipads did 19.5 million units. both of those, pretty strong based on the range where we were looking, as far as what wall street was expecting. i'll have mac units and those things in just a moment. >> jon, you keep looking through those numbers. thank you for that quick flash on apple for us. so, we've got the numbers. the actual earnings and revenues, above expectations, but the guidance, as you indicated, gene, right on the money, it is disappointing. you were in the middle of a thought there, james. please continue your thought and any chan
. >> i've got the apple numbers. >> what are the apple numbers, jon? >> the revenue for this quarter is actually coming in above expectations at $43.6 billion, eps, $10.09. guidance, though, disappointing, as gene indicated. he was expecting at the midpoint they were guying to is $34.5 billion and the gross margin, 36 to 37%, which is a little bit below where wall street was looking, from what i have seen, maria. i'll go back through and take a look at the units as well. looks...
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46
Apr 17, 2013
04/13
by
CNBC
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eye 46
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they have apple in them. that's probably why they are outperforming on the downside even more than the dow. the nasdaq now below its 50-day moving average. we're also going to be talking a lot about gold and copper to see what they are telling us when it comes to the world economy and what clues they can provide to the sell-off we're seeing today. the renewed sell-off after yesterday's rebound. here's what we're following -- golden student. it's the widowmaker of the year, but the sell-off in gold, and miners, that we'll be talking about. is it overdone? jenna godfrey will join us. bank on morgan stanley. bankers aric thatting a beating after bank of america's weak report. will morgan stanley post better results? two of our traders debate. >>> first, the top story. the sell-off returns. energy, technology, financials, industrials leading the declines. consumer staples doing poorly as well, and theoretically they should be a defensive sector. what is the way to navigate the massive moves this week? good thing
they have apple in them. that's probably why they are outperforming on the downside even more than the dow. the nasdaq now below its 50-day moving average. we're also going to be talking a lot about gold and copper to see what they are telling us when it comes to the world economy and what clues they can provide to the sell-off we're seeing today. the renewed sell-off after yesterday's rebound. here's what we're following -- golden student. it's the widowmaker of the year, but the sell-off in...
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Apr 24, 2013
04/13
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. >> i want to talk about apple, they reported late earnings yesterday. the first profit drop in about a decade. people want to know if new products are coming or whether this company is, dare i say, on the decline? >> on the decline. they sold 37.4 million ipads -- iphones, 19.4 million ipads. over $43 billion worth of revenue in the quarter. i don't know how much on the decline this company is yet, plus they're handing back about $100 billion in renewed program to get the investors happy again, on the back of what has been a declining share price. yes, things are tougher than it has been at apple for a long time, but they're still making money hand over fist. enormous cash flow and upping the returning to shareholders. it's not all doom and gloom over at apple. >> thanks, steve sedgwick live for us in london. >>> also want to talk about what's going on in the skies. no relief in sight as the nation's airports, the sequester continuing to take its toll on the airline industry. harry reid says democrats will present a plan to replace the sequester cuts us
. >> i want to talk about apple, they reported late earnings yesterday. the first profit drop in about a decade. people want to know if new products are coming or whether this company is, dare i say, on the decline? >> on the decline. they sold 37.4 million ipads -- iphones, 19.4 million ipads. over $43 billion worth of revenue in the quarter. i don't know how much on the decline this company is yet, plus they're handing back about $100 billion in renewed program to get the...
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Apr 23, 2013
04/13
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KRON
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apple, their expectations will be about $10 a share. >> let's just say it will be $7. what apple has to do is that they will have to say that they have this make up container. they have something that people will want to purchase. a long story short is that they wanted to be the first tight end user and charging full price and then h t cn samsung brought out a feature. apple just needs a product and people will respond. >> are you happy with what is coming out? >> yes. the second quarter will be the worst so the way i would judges is that it is so far so good. we have not fallen apart. companies like netflix are doing very well. we're not expecting anything from your. china is slowing down. this may be issued a fall down the road. the housing numbers are up. the demand for houses are high. this is helping people in our economy move forward. >> would check back with a rob at 9 sifting for the winners and losers. >> here's a quick check at weather. >> we are starting out with a live look from our roof cam. it is a clear start for most of us and we have however scene coas
apple, their expectations will be about $10 a share. >> let's just say it will be $7. what apple has to do is that they will have to say that they have this make up container. they have something that people will want to purchase. a long story short is that they wanted to be the first tight end user and charging full price and then h t cn samsung brought out a feature. apple just needs a product and people will respond. >> are you happy with what is coming out? >> yes. the...
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Apr 22, 2013
04/13
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apple does not allow. they have some integration of facebook and they claim to have a good relationship but they would never allow a third party company to take over the front of the phone. >> rose: (laughs) >> we asked that. we asked the facebook people if they asked and they said "well, we hope to." and we're like "are they going to let you?" and they said "we hope to." and i said "they're not going to let you." >> so the official position of google is that this is all fine. we're open source. unofficial position inside i suspect is not as -- >> and mark will respond to that? >> people who love facebook will love this phone. >> can you tell me how all this is changing our lives? how are we different because of all this? >> i think shorter attention span. i think also more reliance on -- the technology is more personal. and it goes for tablet as well as the phones. you know yourself because you use these things that it's a different feeling than sitting somewhere and having that keyboard between you kara
apple does not allow. they have some integration of facebook and they claim to have a good relationship but they would never allow a third party company to take over the front of the phone. >> rose: (laughs) >> we asked that. we asked the facebook people if they asked and they said "well, we hope to." and we're like "are they going to let you?" and they said "we hope to." and i said "they're not going to let you." >> so the official...
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Apr 22, 2013
04/13
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apple is the biggest name on the list. if you own apple shares, you have probably seen and felt this stomach churning chart. share price has tumbled over the past year down 31% over that period now trading below $400 a share. why? slumping demand for products. apple was once the most valuable company in the world by market value, so the stock some analysts say relatively cheap right now. we will know better tomorrow what the future of apple will be. it has an awful lot to prove. investors have been stung. apple clearly a big business story of the day and the week. john. >> no question a lot of people watching that very closely. thanks. meanwhile, ahead on "starting point," the surviving suspect hidden in this plain sight after the marathon bombings going about college life as if nothing ever happened. we will hear from students who spoke to him on campus. you're watching a special edition of "starting point" live from boston. people join angie's list for all kinds of reasons. i go to angie's list to gauge whether or not th
apple is the biggest name on the list. if you own apple shares, you have probably seen and felt this stomach churning chart. share price has tumbled over the past year down 31% over that period now trading below $400 a share. why? slumping demand for products. apple was once the most valuable company in the world by market value, so the stock some analysts say relatively cheap right now. we will know better tomorrow what the future of apple will be. it has an awful lot to prove. investors have...
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Apr 23, 2013
04/13
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KRON
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we're watching apple. apple shares lower lease their quarterly earnings after the closing bell today. we have the same story would los gatos based net flicks of yesterday's. let us talk about net flicks. they have their quarterly earnings come out. the big news is that net flicks added 2 million u.s. cars to is video streaming service for the first three months of the year. but here it was highlighted by the early february debut of house of cards, a critically acclaimed series made exclusively for net flicks. this is trevor rowe health net flicks bows back from a loss the same time last year and generate revenue slightly above analysts' projections. it was but the ground were up $11. the free market net flicks shares are up $43. that is almost with a 5%. net flicks is a stock that went from 300, down to 50 and right now it is up to 217. james barrett i'm a fan of that flicks. >> the nation's biggest banks are rolling out the next generations of atms. the latest models feature video chatting with a live tel
we're watching apple. apple shares lower lease their quarterly earnings after the closing bell today. we have the same story would los gatos based net flicks of yesterday's. let us talk about net flicks. they have their quarterly earnings come out. the big news is that net flicks added 2 million u.s. cars to is video streaming service for the first three months of the year. but here it was highlighted by the early february debut of house of cards, a critically acclaimed series made exclusively...
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Apr 22, 2013
04/13
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apple shares on a slide for a week now. investors would like a little goose, something that says, yeah, we're still the innovative company everyone loves so much. apple reports its profits tuesday. they no doubt will report they made suitcases full of cash. a small hint of something ahead. some sort of idea as to what apple might have in the pipeline could help that stock more than anything else. back to you. >> all right, scott. thank you very much. meteorologist krchristina loren has the day off. i hope she's enjoying sunshine. >> take you to san jose. the sky didn't change at all. live camera to live camera. areas south of san jose will probably climb into the low- to mid-90s by 3:00 and 4:00 this afternoon. already now near 80 degrees, fairfield, concord, livermore, pleasanton, san francisco 67, 72 in oakland. notice the immediate coastline, areas south of santa cruz later on this afternoon, watching for low clouds to creep up the coast which will eventually hint at cooler changes come tomorrow. comparing right now to 2
apple shares on a slide for a week now. investors would like a little goose, something that says, yeah, we're still the innovative company everyone loves so much. apple reports its profits tuesday. they no doubt will report they made suitcases full of cash. a small hint of something ahead. some sort of idea as to what apple might have in the pipeline could help that stock more than anything else. back to you. >> all right, scott. thank you very much. meteorologist krchristina loren has...
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Apr 24, 2013
04/13
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KPIX
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it's been a rough six months for apple. after topping $700 a share in september, the stock is now down 42%. the very rich got rich eras the nation began to recover from the great recession. everyone else got a little bit poorer. a report today by the pew research center says that between 2009 and 2011 the upper 7% of american households saw their net worth increase by 28%. but the vast majority of americans saw their wealth drop by 4%. one reason for the disparity, the very wealthy are heavily invested in the stock market which rose during that period. the city of los angeles will pay more than $4 million to settle claims by two women who were hurt when police mistakenly opened fire on their pick-up truck during the hunt for ex-cop christopher dorner in february. the women were delivering newspapers. one was shot in the back. the other was hit by flying glass. dorner went on a killing spree seeking revenge for being fired. he took his own life after police cornered him. a doctor in boston has an unusual specialty. her story
it's been a rough six months for apple. after topping $700 a share in september, the stock is now down 42%. the very rich got rich eras the nation began to recover from the great recession. everyone else got a little bit poorer. a report today by the pew research center says that between 2009 and 2011 the upper 7% of american households saw their net worth increase by 28%. but the vast majority of americans saw their wealth drop by 4%. one reason for the disparity, the very wealthy are heavily...
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Apr 17, 2013
04/13
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let's start with apple making a new 52-week low, slipping at one point below 400 bucks. analysts saying one catalyst for today's sell-off, that weak revenue forecast from apple's supplier, sirius cirrus logic. and bank of america also in the red. worst day for that dow component this year. posting profits and revenue that disappointed the street. and we were watching copper today, the red metal settling at the lowest level from 2011. freeport mcmoran down hard. fairway, priced at 13, above the range, open at 18 on the nasdaq, ticker fwm, surging some 33% in today's session. american express, the global financial services firm reported after the bell, beat on the bottom line, missed on revenue stock following in the after-hours. also reporting, ebay, the world's biggest online market place. first quarter revenue just missed, beat on the bottom line. the issue for investor, revenue guidance. bill, back to you. >> all right, josh, thank you very much. take a good look at this number. 14,545 on the dow. because our next guest says the party's over, if the dow closes at that
let's start with apple making a new 52-week low, slipping at one point below 400 bucks. analysts saying one catalyst for today's sell-off, that weak revenue forecast from apple's supplier, sirius cirrus logic. and bank of america also in the red. worst day for that dow component this year. posting profits and revenue that disappointed the street. and we were watching copper today, the red metal settling at the lowest level from 2011. freeport mcmoran down hard. fairway, priced at 13, above the...
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Apr 17, 2013
04/13
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FBC
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intel, apple, yahoo!. we're not going to forget about gold, that's going to be down a little today as well and oil down again and art laffer is staying with us. we'll be back in a moment. the opening bell coming up. are you still sleeping? just wanted to check and make sure that we we on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical
intel, apple, yahoo!. we're not going to forget about gold, that's going to be down a little today as well and oil down again and art laffer is staying with us. we'll be back in a moment. the opening bell coming up. are you still sleeping? just wanted to check and make sure that we we on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. trust your instincts to make the call. to treat my low testosterone, my...
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Apr 18, 2013
04/13
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FBC
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of course, nasdaq and the s&p have apple in the index sighs, and apple's been down below $400 today. obviously, the tech people hot on apple are disappointed today. we continue to watch other information that we get such as the vix, the fear index, showing that we are seeing volatility with an up arrow, and plenty of names on the move on the heels of the earnings. back to you. cheryl: thank you very much. dennis: apple shares down since sent highs. what's the shareholder to do now? joining us, we've got scott kelser with s&p capital iq. thank you, scott. >> thanks, dennis. dennis: i imagine you, just like the rest of the world on wall street, probably still has a buy on apple? >> actually, i have a strong buy recommendation on apple, yeah. dennis: how long have you had a strong buy? when did you put that on it? >> we went to strong buy in november. that was not a good call, but we had a buy recommendation the better part of four years. dennis: apple trading below $4 # 00 for the first time since december 201 # 1, and, yet, you have a price target of dlrks 600 -- 600 bucks, why the fa
of course, nasdaq and the s&p have apple in the index sighs, and apple's been down below $400 today. obviously, the tech people hot on apple are disappointed today. we continue to watch other information that we get such as the vix, the fear index, showing that we are seeing volatility with an up arrow, and plenty of names on the move on the heels of the earnings. back to you. cheryl: thank you very much. dennis: apple shares down since sent highs. what's the shareholder to do now? joining...
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Apr 22, 2013
04/13
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apple on tuesday, a lot of you have been asking me about apple and what will happen with apple shares, tuesday we will get apple results. a lot to digest this week. $333 million, that's an estimate of how much it dos shut down boston and surrounding suburbs on friday. $333 million. the losses will likely be short-term for companies. boston is a big company getting back to work this monday morning. the boston metropolitan area produces $325 billion worth of goods and services every year. a little less than a billion dollars a day. the ninth gdp in the country. friday everything just stopped. businesses closed. public transit shut down. 16 of the area's 35 colleges closed campuses. most of the taxis were off the roads. shopping centers were shut. while many people worked from home or had the day off, some workers were very busy. thousands of law enforcement officials, hospital workers, hotel workers. there was overtime. where you saw some companies shut down, other area there's was economic activity. dunkin' donuts locations, some of them stayed open at the request of first responders w
apple on tuesday, a lot of you have been asking me about apple and what will happen with apple shares, tuesday we will get apple results. a lot to digest this week. $333 million, that's an estimate of how much it dos shut down boston and surrounding suburbs on friday. $333 million. the losses will likely be short-term for companies. boston is a big company getting back to work this monday morning. the boston metropolitan area produces $325 billion worth of goods and services every year. a...
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Apr 17, 2013
04/13
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i don't know if they can actually -- apple. i said it! what can be said that hasn't already been said about this freefalling tech company with the greatest products in the world? how about this? apple could say we're going to double your dividend, buy back a quarter of the company. that surely hasn't been said. i don't think there's an analyst who hasn't pulled the jason, freddie krueger slasher -- what have they z i've been looking at what they've been saying. they've used machetes to cut numbers. chainsaws to cut numbers. they've used ginsu knives to cut numbers. scalpels, k bars, bowies, meat axes, guillotines, even chippers, shredders to cut numbers! and they're still not low enough. they're still not deep enough to keep anyone from still going even lower as you forecast. you would think apple's going to report a loss, for heaven's sake. especially after watching the sickening slide of apple supplier cirrus logic today. after it's said there's been a lack of demand from a key tuft. who could that be? a name. the other night i joked th
i don't know if they can actually -- apple. i said it! what can be said that hasn't already been said about this freefalling tech company with the greatest products in the world? how about this? apple could say we're going to double your dividend, buy back a quarter of the company. that surely hasn't been said. i don't think there's an analyst who hasn't pulled the jason, freddie krueger slasher -- what have they z i've been looking at what they've been saying. they've used machetes to cut...
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Apr 22, 2013
04/13
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CNBC
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everybody's talking about apple. apple clearly getting all the conversation with its report after the bell tomorrow. how about the industrials tomorrow? dupont, utx, ingersoll, ak steel, those could be the tale more so than just apple? >> but domestically, we were talking about that recently. i like the names in the technology space. i don't know if you've seen this, but seems like there's been a little bit of change in the sentiment where you buy the dips. now it's sell into the rallies a little bit. >> jon najarian, how do you see things? you can talk about tech. the number of companies reporting, significant, for certain, texas instruments, amazon, qualcomm, netflix. >> yeah, i want to go back for one second. last week at this time, we were looking at the oil complex just being slaugtered. that is the opposite today. flip it around 180 degrees. all we needed was stabilization in crude oil which we seemingly got as we traded down to whatever the bottom was in the range for crude oil. as we did that, take a look at
everybody's talking about apple. apple clearly getting all the conversation with its report after the bell tomorrow. how about the industrials tomorrow? dupont, utx, ingersoll, ak steel, those could be the tale more so than just apple? >> but domestically, we were talking about that recently. i like the names in the technology space. i don't know if you've seen this, but seems like there's been a little bit of change in the sentiment where you buy the dips. now it's sell into the rallies...
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Apr 23, 2013
04/13
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it had lost $0.290 billion at the apple iphone5 was introduced. here is goldman sachs weighing in on apple they are expecting challenges. new products coming out in the second half of the year. also, lazard capital is saying the same thing. we do not know whether or not apple will say anything more about how it will use its cash for things like capital formation. we will be watching that. those are the numbers we are looking for from the street. back to you, dagen and connell. connell: it is amazing to see apple compared to some of these. thank you, elizabeth. we will have full coverage of this later on. cheryl and dennis in the next part of markets now. they will look at $400 a share and whether that is the new normal. dagen: paying for the president's budget. if you are making more than $200,000 a year, you will be picking up a bit part of the debt. connell: on a big day for the markets, the s&p winners. netflix. that is the big story. look at that. ♪ why are 8 million people why are 8 million people sleeping better tonight? they went to a sle
it had lost $0.290 billion at the apple iphone5 was introduced. here is goldman sachs weighing in on apple they are expecting challenges. new products coming out in the second half of the year. also, lazard capital is saying the same thing. we do not know whether or not apple will say anything more about how it will use its cash for things like capital formation. we will be watching that. those are the numbers we are looking for from the street. back to you, dagen and connell. connell: it is...
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Apr 23, 2013
04/13
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lori: we're all set up for apple report tonight. apple earnings after the bell. keith, thanks so much for your time. >> thank you. melissa: we're all over the breaking news. markets plummeting and snapping back after a fake tweet from the associated press. we're back at the new york stock exchange for trader reaction on this wild swing. lori: the plain truth. government investigators grilling boeing about its prized dreamliner jet. i think that might be fading these days. melissa: first her is what the treasury markets are doing right now. you can see unchanged on the 10-year. we'll show you the 30 as well. we'll be right back. [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for the next new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through april 30th. >> i'm cheryl casone with your fox business brief. wal-mart is
lori: we're all set up for apple report tonight. apple earnings after the bell. keith, thanks so much for your time. >> thank you. melissa: we're all over the breaking news. markets plummeting and snapping back after a fake tweet from the associated press. we're back at the new york stock exchange for trader reaction on this wild swing. lori: the plain truth. government investigators grilling boeing about its prized dreamliner jet. i think that might be fading these days. melissa: first...
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Apr 23, 2013
04/13
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big question, has the rest of the tech industry caught up with apple? is the shine off the apple? sorry, i had to use that terrible little pun. but still be watching apple. and another big story for you, the list is out. and sorry to all of you newspaper reporters out there, you officially have the worst job in america. >> the worst job? >> the worst job in america. with the median income of about $36,000 a year. career cast does this study every year. the results are based on things like income, industry outlook, stress, physical demands. >> so not happiness? >> happiness is in there. here's the rest of the top five worst jobs. lumberjack is number two, followed by enlisted military personnel, actor, and oil rig worker. so the best jobs in america? the number one job in america according to career cast an actuary, make about 87 grand a year, biomedical engineers, software engineers, an audiologist and financial planner round out the top five. when i look at the best jobs in america, all top ten or 20 of them, it's a lot of s.t.e.m. jobs, science, technology, engineering, math. a
big question, has the rest of the tech industry caught up with apple? is the shine off the apple? sorry, i had to use that terrible little pun. but still be watching apple. and another big story for you, the list is out. and sorry to all of you newspaper reporters out there, you officially have the worst job in america. >> the worst job? >> the worst job in america. with the median income of about $36,000 a year. career cast does this study every year. the results are based on...
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Apr 23, 2013
04/13
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FBC
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apple stock has gone from 705 to 390 in seven months. huh. next, looks like the internet sales tax will breeze through the senate. we have one senator who is opposed to it. he's a democrat. plus, a business owner who makes a lot of money on-line and he says this tax is going to hurt him and his business. but you are going to like the markets when it opens up, a gain of maybe 90 points. that's next. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. you know it even after all these years. but your erectile dysfunctio- you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready an
apple stock has gone from 705 to 390 in seven months. huh. next, looks like the internet sales tax will breeze through the senate. we have one senator who is opposed to it. he's a democrat. plus, a business owner who makes a lot of money on-line and he says this tax is going to hurt him and his business. but you are going to like the markets when it opens up, a gain of maybe 90 points. that's next. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade...
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Apr 18, 2013
04/13
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CNBC
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sound systems apple uses. until apple pulls out of its tailspin you can't own cirrus logic. sorry. let's go to darren in the gamecock state. darren. >> caller: hi, jim. ba-ba-ba-boo-yah. i need some help. >> perfect. all right. >> caller: i took a long -- i took a position in cls at $20, about 500 shares. at $18 i bought 500 shares. got a 3.5% dividend and i don't mind waiting, but what do you suggest? >> well, i've got to tell you, this is a business, the iron ore business, that ever since they did that -- well, this stock has been -- it feels very terminal but it's not terminal, and i know there's a lot of iron ore that can come out. but i've got to tell you, $17. i don't know if i would sell it. it's kind of low. i mean, it's really low. anyway, it's all about the haves and the have nots. when it comes to stock, for now it's sherwin williams paint. that's the fracking fluid cocktail. and you know what i say? time for some boat drinks! "mad money" will be right back. >> announcer: coming up -- core holding?
sound systems apple uses. until apple pulls out of its tailspin you can't own cirrus logic. sorry. let's go to darren in the gamecock state. darren. >> caller: hi, jim. ba-ba-ba-boo-yah. i need some help. >> perfect. all right. >> caller: i took a long -- i took a position in cls at $20, about 500 shares. at $18 i bought 500 shares. got a 3.5% dividend and i don't mind waiting, but what do you suggest? >> well, i've got to tell you, this is a business, the iron ore...
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Apr 24, 2013
04/13
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shareholders asking if apple's magic is fading. apple's response? it's going to reach in and give money back to shareholders. apple will give you a 2.7% return for holding apple shares. it's not as big as other stocks. it's called a dividend yield. intel 3.9%. at&t, 4.6%. altria, 5% of the dividend yield. it's way more than you get in a savings account. apple shareholders need good news. the stock down 30% the past year. apple shares up slightly in the premarket. its profits slipped a little bit, but it's still selling a lot of devices, 37.4 million iphones during three months. that averages out to 288 iphones every single minute for three months straight. apple sold 20 million ipads. but people aren't buying as many of the latest, most expensive models. they're choosing the cheaper versions like the iphone 4s, the ipad mini, and that's one reason why the stock is down because they make more money on the higher end, newer products. absolutely. >> most people who do buy apple, they have to have the latest and greatest. i guess the frietrend is kind o
shareholders asking if apple's magic is fading. apple's response? it's going to reach in and give money back to shareholders. apple will give you a 2.7% return for holding apple shares. it's not as big as other stocks. it's called a dividend yield. intel 3.9%. at&t, 4.6%. altria, 5% of the dividend yield. it's way more than you get in a savings account. apple shareholders need good news. the stock down 30% the past year. apple shares up slightly in the premarket. its profits slipped a...
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Apr 24, 2013
04/13
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KQED
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apple sharing the repurchase authorization from $30 billion to $60 billion and apple increasing its quarterly dividend by 50%, and they're $3.05. ceo tim cook in the press release says we are very fortunate to be in the position to more than double the size
apple sharing the repurchase authorization from $30 billion to $60 billion and apple increasing its quarterly dividend by 50%, and they're $3.05. ceo tim cook in the press release says we are very fortunate to be in the position to more than double the size
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Apr 23, 2013
04/13
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but apple accounted for 74% of the total revenue between the two app stores. at the same time, google play appears to be gaining ground fast from a year ago, when apple had 90% of the revenue. >>> has anyone ever told you to get to the punch line? that's what twitter plans to do next monday when it teams up with comedy central. comedians will tweet quicky jokes. rob riener and mel brooks are scheduled to kick off the festival next monday with an event in los angeles. >>> you have to be 21 to buy drinks or go gambling. new york city council and mayoral candidate quinn wants to raise the minimum age for tobacco purchases from 18 to 21. texas recently tried the same thing but the proposed law failed. several states have an age limit of 18 to buy tobacco. >>> today president obama invited 100 students to take part in this year's white house science far, and that included jessica borral. she designed a device that fights eye muscle fatigue from staring too long at computers. >> i'm getting a patent on it. i'd love to manufacture them and give them out to all school
but apple accounted for 74% of the total revenue between the two app stores. at the same time, google play appears to be gaining ground fast from a year ago, when apple had 90% of the revenue. >>> has anyone ever told you to get to the punch line? that's what twitter plans to do next monday when it teams up with comedy central. comedians will tweet quicky jokes. rob riener and mel brooks are scheduled to kick off the festival next monday with an event in los angeles. >>> you...